Ashley Medical Center

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1949

Legal Domicile

Principal Officer

Eric Heupel

Phone

7012883433

Tax Period

2024-07-01 to 2025-06-30

Ashley Medical Center, founded in 1949, is a mid-sized nonprofit in the Health Care sector that reported $10.8M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

Ashley Medical Center is a community organization which provides preventative, curative, supportive and educational health care that meets the physical, emotional, and spiritual needs of the people we serve.

Program Service Accomplishments

Program 1

Expenses: $6,073,951 Revenue: $5,721,122

Acute health care consisting of Inpatient days of 161, Outpatient hours of 2,374 and swing bed days of 552.

Program 2

Expenses: $2,327,282 Revenue: $3,637,812

Long term skilled care for the frail and elderly total resident days of 9,337.

Program 3

Expenses: $1,479,993 Revenue: $856,227

Rural Health Clinic Services with 3,116 clinic visits.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $384,694

Program Service Revenue $10,428,696

Investment Income $560

Other Revenue $4,200

TOTAL REVENUE $10,818,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,085,635

Fundraising Expenses $0

Program Expenses $9,999,594

Other Expenses $4,435,398

TOTAL EXPENSES $11,521,033

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,818,150	$13,386,885	-0.2%
Expenses	$11,521,033	$11,419,185	+0.0%
Net Income	$-702,883	$1,967,700	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

145

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$398,299

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brenda Meyer	President (Jul-Oct)	1.00	Officer Director	$0	$0	$0
Anthony Neu	President	1.00	Officer Director	$0	$0	$0
Adam Wishek	Vice President	1.00	Officer Director	$0	$0	$0
Kristie Morrison	Secretary	1.00	Officer Director	$0	$0	$0
JoAnne Stugelmayer	Board Member	0.50	Director	$0	$0	$0
Megan Thomas	Board Member	0.50	Director	$0	$0	$0
Devonia Fischer	Board Member (as of Oct)	0.50	Director	$0	$0	$0
Brent Ulmer	Board Member	0.50	Director	$0	$0	$0
Gwen Schumacher	Board Member	0.50	Director	$0	$0	$0
Angela Bertsch	Board Member	0.50	Director	$0	$0	$0
Corey Ulmer	CFO	40.00	Officer	$114,804	$43,869	$158,673
Eric Heupel	CEO	40.00	Officer	$181,113	$58,513	$239,626
Lori Bichler	Nurse Practitioner	40.00	Highest	$288,610	$43,193	$331,803
Cori Randall	Nurse Practitioner	40.00	Highest	$193,668	$45,384	$239,052
Jeremy St Aubin	Physical Therapist	40.00	Highest	$128,594	$53,025	$181,619
Jodi Haas	Registered Nurse	40.00	Highest	$143,811	$19,002	$162,813
Emma Wright	Registered Nurse	40.00	Highest	$127,603	$18,920	$146,523

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$10,818,150	$11,521,033	$8,798,255	$-702,883
2024	$13,386,885	$11,419,185	$8,731,512	$1,967,700
2023	$10,609,204	$10,467,775	$6,453,791	$141,429
2022	$10,168,498	$9,282,726	$7,132,494	$885,772
2021	$11,410,488	$8,591,499	$8,455,161	$2,818,989
2020	$8,725,880	$8,978,851	$7,431,535	$-252,971
2019	$8,590,180	$8,917,465	$3,778,987	$-327,285
2018	$8,205,794	$8,371,381	$3,765,004	$-165,587